Guideline Value for Kuppu swamy Street Main

Kuppu swamy Street Main guideline value

The current guideline value of Kuppu swamy Street Main is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village under the Alandur SRO, classified as Residential Class II Type - II.

How the guideline value of Kuppu swamy Street Main has changed

Over the years, the guideline value of Kuppu swamy Street Main has undergone several revisions. The earliest recorded value was Rs 322 per sq.ft in 2003. This value saw a significant increase to Rs 1,000 per sq.ft in 2007, followed by a doubling to Rs 2,000 per sq.ft in 2012. However, it then decreased to Rs 1,340 per sq.ft in 2017. The value increased again to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision.

The changes between these revisions are notable: from 2003 to 2007, the value rose by 211%; from 2007 to 2012, there was a 100% increase; however, from 2012 to 2017, it decreased by 33%. The value then increased by 49% from 2017 to 2023, and finally, a 10% rise was observed from 2023 to 2024. The overall increase from 2003 to 2024 is 583%. The register has no figure for this street for the year 2002.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 figure, ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median value of Rs 2,800 per sq.ft. The guideline value of Kuppu swamy Street Main is below this median.

• Kuppu Swamy Nagar: Rs 2,200 per sq.ft (2024)
• Kuppuswamy Cross Street: Rs 2,200 per sq.ft (2024)
• Kuppu Sami Street: Rs 2,200 per sq.ft (2024)
• K V K Samy street: Rs 2,200 per sq.ft (2024)
• Lakshma Nagar 5th Street Extension: Rs 2,800 per sq.ft (2024)
• Lakshmi Nagar 10th Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppu swamy Street Main

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kuppu swamy Street Main?

The Kuppu swamy Street Main falls under the jurisdiction of the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ullagaram

The guideline value is a critical factor when registering property transactions in Ullagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair transaction value. Buyers and sellers often refer to the guideline value to negotiate deals and understand the market landscape.

Frequently asked questions

What is the current guideline value of Kuppu swamy Street Main?

The current guideline value of Kuppu swamy Street Main is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 322 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Kuppu swamy Street Main?

Kuppu swamy Street Main is classified as Residential Class II Type - II.

Where can I find the registration office for Kuppu swamy Street Main?

The registration office for Kuppu swamy Street Main is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Kuppu swamy Street Main?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.